january 2014 housing report

December 2013 Monthly Snapshot

One-Year Change in One-Year Change in

Single FamilySold Listings

Single FamilyDays On Market

23456789

101112131415

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Current as of January 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing.

Townhouse-Condo Activity Overview

Days on Market Until SaleHousing Affordability IndexAll Properties Activity OverviewGlossary of TermsMonths Supply of Inventory

New ListingsPending SalesSold ListingsMedian Sales PriceAverage Sales PricePercent of List Price Received

Monthly Indicators

+ 31.8% - 6.6% + 4.9%One-Year Change inOverall 2013 proved to be a good year for housing. Home sales and prices were

better than the previous year in Colorado and across much of the nation. Foreclosures in Colorado continued to decline, along with the number of homes for sale and the number of days it took to sell a home were also lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and market segment, but the proverbial glass appeared to be more than half full throughout the year.

New Listings were down 1.4 percent for single family homes but increased 19.2 percent for townhouse-condo properties. Pending sales clocked in at 47 for single family homes and 9 for townhouse-condo properties.

The Median Sales Price was up 4.9 percent to $256,945 for single family homes and 11.2 percent to $189,000 for townhouse-condo properties. Months Supply of Inventory stood at 2.6 for single family units and 1.8 months for townhouse-condo units.

Housing is fortified by confident consumers and good jobs. 2013 was marked by a slowly improving labor market and a stock market up nearly 30 percent from this time last year. Interest rates remain low (but moving up and prices are still affordable). It's no wonder that buyers were active in 2013. Here's to more of the same in 2014.

Single FamillyMedian Sales Price

Residential real estate activity in Area 9, comprised of single-family properties, townhomes and condominiums. Percent changes are calculated using rounded figures.

Single Family Activity Overview

All Properties Activity Overview

Single Family Activity OverviewKey metrics for Single Family by report month and for year-to-date (YTD) starting from the first of the year.

Key Metrics Historical Sparkbars 12-2012 12-2013 Percent Change YTD-2012 YTD-2013 Percent Change

+ 10.4%

Pending Sales 166 47 - 71.7% 2,893 3,027 + 4.6%

New Listings 138 136 - 1.4% 3,597 3,970

Under Contract Not enough historical data for chart -- -- -- -- -- --

Sold Listings 176 232 + 31.8% 2,799 3,232 + 15.5%

Median Sales Price $245,000 $256,945 + 4.9% $245,900 $261,000 + 6.1%

+ 6.6%

Pct. of List Price Received 97.4% 98.5% + 1.1% 98.3% 98.8% + 1.0%

Average Sales Price $294,534 $305,079 + 3.6% $281,375 $299,988

Days on Market 106 99 - 6.6% 103 82 - 20.4%

Affordability Index 157 136 - 13.4% 156 134 - 14.1%

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Current as of January 10, 2014. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 14

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Months Supply Not enough historical data for chart -- 2.6 -- --

Active Listings Not enough historical data for chart -- 701 -- --

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

Townhouse-Condo Activity OverviewKey metrics for Townhouse-Condo by report month and for year-to-date (YTD) starting from the first of the year.


+ 2.5%

Pending Sales 33 9 - 72.7% 714 756 + 5.9%

New Listings 26 31 + 19.2% 833 854


Sold Listings 49 59 + 20.4% 703 791 + 12.5%


+ 9.2%



Days on Market 79 103 + 30.4% 90 75 - 16.7%

Affordability Index 212 177 - 16.5% 228 193 - 15.4%

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-- --



12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

New Listings

New ListingsSingleFamily

Year-Over-YearChange

Townhouse-Condo


Jan-2013 268 +24.7% 50 +2.0%

Feb-2013 295 +7.3% 66 +13.8%

Mar-2013 364 +4.9% 79 -28.8%

Apr-2013 382 +2.1% 115 +16.2%

May-2013 514 +21.5% 87 +1.2%

Jun-2013 484 +26.7% 89 +1.1%

Jul-2013 415 +4.5% 96 +33.3%

Aug-2013 364 +5.8% 89 +23.6%

Sep-2013 300 +22.4% 61 +7.0%

Oct-2013 252 -4.2% 46 -31.3%

Nov-2013 196 +1.0% 45 -6.3%

Dec-2013 136 -1.4% 31 +19.2%

12-Month Avg 331 +10.4% 71 +2.5%

Historical New Listings by Month


A count of the properties that have been newly listed on the market in a given month.

137

29

138

26

136

31

Single Family Townhouse-Condo

December

0

100

200

300

400

500

600

1-2009 1-2010 1-2011 1-2012 1-2013


3,315

738

3,597

833

3,970

854


Year to Date

2011 2012 2013

+ 19.2% - 10.3% - 1.4% + 0.7% + 12.9% + 10.4% + 8.5% + 2.5%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 4.9% - 12.7% - 21.4% - 3.3%

Pending Sales

Pending SalesSingleFamily


Townhouse-Condo


Jan-2013 238 +38.4% 53 +39.5%

Feb-2013 256 +9.4% 57 +9.6%

Mar-2013 328 +16.7% 76 +43.4%

Apr-2013 313 +10.6% 112 +17.9%

May-2013 357 +15.9% 87 +1.2%

Jun-2013 347 +14.1% 77 -8.3%

Jul-2013 294 -0.3% 68 +1.5%

Aug-2013 244 +7.0% 64 +8.5%

Sep-2013 212 -3.6% 52 +2.0%

Oct-2013 220 0.0% 62 +19.2%

Nov-2013 171 -6.0% 39 -11.4%

Dec-2013 47 -71.7% 9 -72.7%

12-Month Avg 252 +4.6% 63 +5.9%

Historical Pending Sales by Month


A count of the properties on which offers have been accepted in a given month.

116

35

166

33

47

9


December

0

100

200

300

400

1-2009 1-2010 1-2011 1-2012 1-2013


2,328

597

2,893

714

3,027

756


Year to Date

2011 2012 2013

- 72.7% - 5.7% - 71.7% + 43.1% + 19.6% + 4.6% + 24.3% + 5.9%

2011 2012 2013 2011 2012 2013 2011 2012 2013

0.0% + 1.5% + 3.8% + 20.7%

Sold Listings

Sold ListingsSingleFamily


Townhouse-Condo


Jan-2013 169 +55.0% 34 -15.0%

Feb-2013 183 +51.2% 40 +73.9%

Mar-2013 266 +17.2% 51 0.0%

Apr-2013 284 +17.4% 66 +46.7%

May-2013 326 +9.8% 102 +32.5%

Jun-2013 329 +1.2% 89 -5.3%

Jul-2013 393 +24.0% 92 +13.6%

Aug-2013 342 +15.2% 79 -8.1%

Sep-2013 245 -1.6% 80 +37.9%

Oct-2013 260 +15.0% 46 -6.1%

Nov-2013 203 -4.7% 53 +6.0%

Dec-2013 232 +31.8% 59 +20.4%

12-Month Avg 269 +15.5% 66 +12.5%

Historical Sold Listings by Month


A count of the actual sales that closed in a given month.

172

40

176

49

232

59


December

0

100

200

300

400

1-2009 1-2010 1-2011 1-2012 1-2013


2,305

591

2,799

703

3,232

791


Year to Date

2011 2012 2013

+ 20.4% + 22.5% + 31.8% + 2.3% + 19.0% + 15.5% + 21.4% + 12.5%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 4.2% - 0.7% + 5.0% - 13.0%

Median Sales Price

Median Sales PriceSingleFamily


Townhouse-Condo


Jan-2013 $250,500 +5.7% $181,450 +12.0%

Feb-2013 $243,026 +5.7% $146,700 -6.0%

Mar-2013 $255,000 +3.7% $162,500 +9.8%

Apr-2013 $261,450 +6.7% $159,700 +20.1%

May-2013 $264,500 +11.6% $157,500 -1.6%

Jun-2013 $274,000 +9.6% $178,000 +21.1%

Jul-2013 $272,250 +9.8% $158,050 +2.3%

Aug-2013 $269,000 +5.5% $168,000 +15.5%

Sep-2013 $260,000 +4.4% $194,250 +31.7%

Oct-2013 $255,000 +4.1% $159,000 -3.8%

Nov-2013 $258,900 +2.7% $170,000 +2.1%

Dec-2013 $256,945 +4.9% $189,000 +11.2%

12-Month Avg* $261,000 +6.1% $170,000 +9.7%

Historical Median Sales Price by Month* Median Sales Price for all properties from January 2013 through December 2013. This is not the average of the individual figures above.


Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.

$234,700

$157,450

$245,000

$170,000

$256,945

$189,000


December

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

1-2009 1-2010 1-2011 1-2012 1-2013


$237,000

$154,770

$245,900

$155,000

$261,000

$170,000


Year to Date

2011 2012 2013

+ 11.2% + 8.0% + 4.9% + 4.4% + 0.1% + 6.1% + 3.8% + 9.7%

2011 2012 2013 2011 2012 2013 2011 2012 2013

- 2.5% + 2.2% + 1.2% + 2.2%

Average Sales Price

Average Sales Price

SingleFamily


Townhouse-Condo


Jan-2013 $287,948 +7.6% $186,919 +11.2%

Feb-2013 $289,402 +16.1% $161,529 +11.3%

Mar-2013 $283,336 -0.4% $173,616 +4.1%

Apr-2013 $289,018 +4.4% $163,762 +7.7%

May-2013 $289,634 +7.5% $174,671 +5.4%

Jun-2013 $310,365 +6.1% $196,625 +20.0%

Jul-2013 $315,918 +12.4% $166,129 +5.0%

Aug-2013 $302,663 +4.3% $172,394 +11.6%

Sep-2013 $305,424 +6.0% $203,246 +28.5%

Oct-2013 $302,442 +7.3% $165,129 -12.9%

Nov-2013 $305,739 +10.2% $186,948 +9.5%

Dec-2013 $305,079 +3.6% $202,438 +7.4%

12-Month Avg* $299,988 +6.6% $180,033 +9.2%

Historical Average Sales Price by Month* Average Sales Price for all properties from January 2013 through December 2013. This is not the average of the individual figures above.


Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$272,962

$156,685

$294,534

$188,573

$305,079

$202,438


December

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013

+ 7.4% + 20.4% + 3.6% + 7.9% 2011 2012 2013

+ 0.5% - 10.0%

$273,536

$155,764

$281,375

$164,885

$299,988

$180,033


Year to Date

+ 9.2% + 5.9% 2011 2012 2013 2011 2012 2013

+ 6.6% + 2.9% + 2.6% - 2.2%

Percent of List Price Received

Pct. of List Price Received

SingleFamily


Townhouse-Condo


Jan-2013 97.9% +0.1% 98.4% +2.8%

Feb-2013 98.1% -0.2% 98.4% +3.6%

Mar-2013 98.9% +0.7% 98.9% +0.7%

Apr-2013 99.0% +1.1% 98.9% +1.5%

May-2013 99.2% +0.7% 99.2% +1.2%

Jun-2013 99.3% +0.6% 99.1% +1.0%

Jul-2013 99.1% +0.2% 99.5% +1.4%

Aug-2013 99.0% +0.8% 99.1% +0.8%

Sep-2013 99.0% +0.8% 99.6% +1.3%

Oct-2013 98.7% +0.4% 98.4% +0.4%

Nov-2013 98.3% +0.2% 97.6% -0.5%

Dec-2013 98.5% +1.1% 99.1% +1.2%

12-Month Avg* 98.3% +0.6% 97.8% +1.2%

Historical Percent of List Price Received by Month* Pct. of List Price Received for all properties from January 2013 through December 2013. This is not the average of the individual figures above.


Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

98.3% 97.2% 97.4% 97.9% 98.5% 99.1%


December

94%

95%

96%

97%

98%

99%

100%

1-2009 1-2010 1-2011 1-2012 1-2013


97.6% 97.3% 98.3% 97.8% 98.8% 99.0%


Year to Date

2011 2012 2013

+ 1.2% + 0.7% + 1.1% - 0.9% + 0.5% + 0.5% + 0.7% + 1.2% 2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 1.5% + 0.3% - 0.2% - 0.2%

Days on Market Until Sale

Days on MarketSingleFamily


Townhouse-Condo


Jan-2013 104 -25.2% 83 -43.5%

Feb-2013 116 -9.4% 123 -12.8%

Mar-2013 84 -35.9% 73 -25.5%

Apr-2013 83 -25.9% 68 -19.0%

May-2013 71 -22.8% 77 -1.3%

Jun-2013 76 -18.3% 63 -25.0%

Jul-2013 71 -14.5% 58 -36.3%

Aug-2013 78 -19.6% 64 -12.3%

Sep-2013 68 -27.7% 92 +3.4%

Oct-2013 79 -24.8% 55 -50.9%

Nov-2013 85 -19.8% 71 +18.3%

Dec-2013 99 -6.6% 103 +30.4%

12-Month Avg 82 -20.4% 75 -15.9%

Historical Days on Market Until Sale by Month

Average number of days between when a property is listed and when an offer is accepted in a given month.

* Days on Market for all properties from January 2013 through December 2013. This is not the average of the individual figures above.


120

149

106

79

99 103


December

50

75

100

125

150

175

200

1-2009 1-2010 1-2011 1-2012 1-2013


114 124

103

90 82

75


Year to Date

2011 2012 2013

+ 30.4% - 47.0% - 6.6% - 11.7% - 27.4% - 20.4% - 9.6% - 16.7%

2011 2012 2013 2011 2012 2013 2011 2012 2013

+ 0.8% + 2.7% + 0.8% - 5.7%

Housing Affordability Index

Affordability IndexSingleFamily


Townhouse-Condo


Jan-2013 151 0.0% 198 -4.3%

Feb-2013 152 -2.6% 229 +6.5%

Mar-2013 145 -0.7% 211 -5.0%

Apr-2013 145 -2.7% 217 -11.4%

May-2013 138 -11.0% 213 -0.9%

Jun-2013 126 -15.4% 182 -20.9%

Jul-2013 128 -15.8% 202 -9.8%

Aug-2013 128 -13.5% 190 -18.8%

Sep-2013 133 -13.6% 171 -27.5%

Oct-2013 136 -12.3% 202 -5.6%

Nov-2013 142 -6.6% 202 -5.6%

Dec-2013 136 -13.4% 177 -16.5%

12-Month Avg 138 -10.5% 152 -20.4%

Historical Housing Affordability Index by Month


This index measures housing affordability for the region. An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

150

208

157

212

136

177


December

120

140

160

180

200

220

240

260

1-2009 1-2010 1-2011 1-2012 1-2013


2011 2012 2013

- 16.5% + 1.9% - 13.4% + 4.7% 2011 2012 2013

+ 10.3% + 5.1%

148

211

156

228

134

193


Year to Date

- 15.4% + 8.1% - 14.1% + 5.4% + 5.0% + 6.0% 2011 2012 2013 2011 2012 2013

All Properties Activity OverviewKey metrics by report month and for year-to-date (YTD) starting from the first of the year.


+ 8.9%

Pending Sales 199 56 - 71.9% 714 756 + 5.9%

New Listings 164 167 + 1.8% 4,430 4,824


Sold Listings 225 291 + 29.3% 3,502 4,023 + 14.9%


+ 7.1%



Days on Market 100 100 - 19.0% 100 81 - 19.0%

Affordability Index 1,050 1,024 - 4.2% 976 935 - 4.2%

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12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

12-2010 12-2011 12-2012 12-2013

Glossary of Terms

New Listings

Pending Sales

Under Contract Activity

Sold Listings

Median Sales Price

Average Sales Price

Percent of List Price Received

Days on Market Until Sale

Housing Affordability Index

Active Listings

Months Supply of Inventory

A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point.

A research tool provided by the Colorado Association of REALTORS®

A measure of how much new supply is coming onto the market from sellers (e.g., Q3 New Listings are those listings with a system list date from July 1 through September 30).

A count of all the listings that went into Pending status during the reported period. Pending listings are counted at the end of the reported period. Each listing can only be counted one time. If a listing goes into Pending, out of Pending, then back into Pending all in one reported period, this listing would only be counted once. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a "leading indicator" of buyer demand.

A count of all listings Under Contract during the reported period. Listings that go Under Contract are counted each day. There is no maximum number of times a listing can be counted as Under Contract. For example, if a listing goes into Under Contract, out of Under Contract, then back into Under Contract all in one reported period, this listing would be counted twice.

A measure of home sales that were closed to completion during the report period.

Current as of October 10, 2013. All data from IRES, LLC. Powered by 10K Research and Marketing. | Click for Cover Page | 13

A sum of all home sales prices divided by total number of sales.

A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period.

A sum of all home sales prices divided by total number of sales.

A measure of how affordable a region’s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and average income by county.

A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices.

A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale.

january 2014 housing report

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